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Dec 31, 2019
Investors Title Q4 2019 Earnings Report
Record fourth quarter and fiscal year 2019 results were announced.
Key Takeaways
Investors Title Company reported record fourth quarter net income of $11.4 million, or $6.00 per diluted share, compared to $135,000, or $0.07 per diluted share, in the prior year period. The company's revenues for the year increased by 17.4% to a record $183.5 million.
The Company set new records for revenues, premiums, and earnings for both the quarter and the year.
A strong economy led to another year of increases in the level of home sales and average real estate values.
Historically low interest rates drove a sharp increase in the level of refinance activity.
The Company continued to experience a low level of overall claims activity.
Revenue by Segment
Forward Guidance
The Company is optimistic that the strength in the economy will result in conditions favorable for continued strength in the real estate market and remains focused on enhancing competitive strengths, profitably expanding market presence, and strengthening the financial position.
Positive Outlook
- Strength in the economy
- Favorable conditions for continued strength in the real estate market
- Enhancing competitive strengths
- Profitably expanding market presence
- Strengthening financial position
Challenges Ahead
- Cyclical demand for title insurance
- Occurrence of fraud, defalcation or misconduct
- Variances between actual claims experience and underwriting and reserving assumptions
- Declines in the performance of the Company’s investments
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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